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Michael.H

GBPJPY - Short Position

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Michael.H Updated   
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY GBP jpy shortsetup convergence Wedge identical structure repeat of history
5
0
gbpjpy gbp jpy shortsetup convergence wedgepattern identical structure repeat of history
GJ is currently forming a nearly identical structure.

It's currently trading inside of a wedge and just made a new high before crashing down again. We could see it re-test the previous low and even break towards a lower one.

Trade with care as it can break towards the upside again.

Entry = 157.90
SL = 158.35
T1 = 156.00
T2 = 155.50
Comment:
Sold off small part of my position at 90+ pips profit.

Still in this trade, SL, wasn't hit.
Comment:
SL hit for rest of position, still in profit overall.
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